The Latest Electric Motorcycle Industry Statistics Explained
By 2027, the global electric motorcycle market size is expected to reach USD 40.11 billion.
The statistic “By 2027, the global electric motorcycle market size is expected to reach USD 40.11 billion” forecasts that by the year 2027, the total value of the global electric motorcycle market is projected to grow to USD 40.11 billion. This implies a significant increase in the demand and market size for electric motorcycles worldwide over the next few years, highlighting a shift towards alternative and sustainable modes of transportation. This statistic provides key information for stakeholders, investors, and industry players to make informed decisions, strategize, and anticipate the growth opportunities in the electric motorcycle market.
The global electric motorcycle and scooter market was valued at around 529.5 thousand units in 2020.
The statistic highlights that the total number of electric motorcycles and scooters sold globally in 2020 was approximately 529.5 thousand units. This data point serves as a key indicator of the growing popularity and adoption of electric two-wheelers as a sustainable mode of transportation. The figure reflects the increasing consumer interest in environmentally friendly alternatives to traditional gasoline-powered vehicles, driven by factors such as rising concerns about climate change, government incentives to promote electric mobility, and advancements in battery technology. The data underscores the expanding market for electric motorcycles and scooters, indicating a shift towards cleaner and more energy-efficient transportation solutions on a global scale.
Asia Pacific dominated the electric motorcycle market with a revenue share of 76.7% in 2019.
The statistic indicates that the Asia Pacific region held a significant market share of 76.7% in the electric motorcycle industry in 2019. This dominance suggests that a large portion of the revenues generated in the global electric motorcycle market were attributed to countries within the Asia Pacific region. This high market share could be attributed to factors such as a growing demand for sustainable transportation solutions, government incentives promoting electric vehicles, and the presence of key electric motorcycle manufacturers in countries like China and India. The statistic underscores the importance of the Asia Pacific region in the electric motorcycle market and highlights its strong position in driving the growth of the industry.
The electric motorcycle market in North America is projected to witness a CAGR of 29.43% from 2020 to 2025.
This statistic indicates that the electric motorcycle market in North America is expected to experience a Compound Annual Growth Rate (CAGR) of 29.43% from the year 2020 to 2025. This means that the market is forecasted to grow at an average rate of 29.43% each year during this period. A high CAGR value suggests a rapid expansion in the market size over the specified time frame, signifying increasing demand for electric motorcycles in North America. Factors driving this growth could include rising environmental concerns, government incentives for electric vehicles, advancements in battery technology, and a general shift towards sustainable transportation options. This projection highlights a significant growth opportunity for manufacturers, investors, and other stakeholders in the electric motorcycle industry.
China is the largest manufacturer of electric motorcycles globally, contributing around 98% of the total electric two-wheeler volume in 2019.
The statistic suggests that China holds a significant dominance in the global electric motorcycle market, being responsible for producing approximately 98% of all electric two-wheelers in 2019. This indicates a high level of concentration and influence of Chinese manufacturers in the industry, highlighting their advanced capabilities and competitiveness in the electric vehicle sector. The data underscores China’s prominent role as a major player in the transition towards sustainable transportation and its ability to meet the growing demand for eco-friendly mobility solutions worldwide.
50% of two-wheel vehicles globally are expected to be electrically powered by 2030.
The statistic that 50% of two-wheel vehicles globally are expected to be electrically powered by 2030 indicates a significant shift towards the adoption of electric vehicles in the transportation sector. This projection implies that half of all two-wheel vehicles, such as electric bicycles, scooters, and motorcycles, will be powered by electricity within the next decade. This trend is likely driven by increasing concerns about environmental sustainability, advancements in battery technology, and government incentives promoting electric vehicle adoption. The shift towards electric two-wheel vehicles not only has the potential to reduce greenhouse gas emissions and improve air quality but also signifies a transition towards a cleaner and more efficient transportation system on a global scale.
Electric motorcycles are projected to constitute about 11% of the total motorcycle market by 2030.
This statistic indicates that electric motorcycles are expected to make up approximately 11% of the entire motorcycle market by the year 2030. This projection suggests a significant growth in the popularity and adoption of electric motorcycles over the next decade. Factors driving this trend may include increasing environmental consciousness, government incentives for electric vehicles, advancements in battery technology leading to improved range and performance, as well as shifts in consumer preferences towards sustainable transportation options. The 11% estimation signifies a notable shift towards electric motorcycles within the broader motorcycle industry and highlights the potential for further growth and penetration of electric vehicles in the market.
By 2024, about 55 million units of electric motorcycles and scooters are expected to be sold globally.
The statistic “By 2024, about 55 million units of electric motorcycles and scooters are expected to be sold globally” predicts a significant increase in the sales of electric two-wheeled vehicles in the upcoming years. This projection reflects the growing interest and adoption of electric mobility solutions due to factors such as increasing concerns about environmental sustainability, rising fuel prices, and advancements in battery technology. The expected sales volume of 55 million units indicates a shift towards cleaner and more efficient modes of transportation, highlighting the potential for electric motorcycles and scooters to play a substantial role in the future of urban mobility worldwide.
Europe electric motorcycles and scooters market size is projected to increase at a CAGR of 16.9% over 2020 – 2026.
This statistic indicates that the Europe electric motorcycles and scooters market is expected to experience substantial growth over the period from 2020 to 2026, with a projected Compound Annual Growth Rate (CAGR) of 16.9%. This means that the market is anticipated to expand at an average annual rate of 16.9% during this time frame. The increasing interest in sustainable transportation options, coupled with advancements in electric vehicle technology, are likely driving this growth in the electric motorcycles and scooters market in Europe. The high CAGR suggests a strong positive trend in the market size, indicating potential opportunities for manufacturers, investors, and stakeholders in the electric mobility industry within the region.
The lithium-ion battery segment dominated the electric motorcycle and scooter market, accounting for nearly 82% share in 2019.
The statistic indicates that lithium-ion batteries were the most popular choice for electric motorcycles and scooters in 2019, comprising approximately 82% of the market share. This dominance suggests that industry players and consumers widely favored lithium-ion batteries over other types of batteries due to factors such as energy density, power capacity, and overall performance. The high market share also implies that lithium-ion batteries were likely seen as a more reliable and efficient option for powering electric motorcycles and scooters compared to alternatives. This statistic highlights the significant impact that lithium-ion batteries had on the electric motorcycle and scooter market in 2019, shaping industry trends and consumer choices within the sector.
By 2040, a projected 60% of motorcycles in China and 80% in India will be electric.
The statistic suggests that there is a significant shift towards electric motorcycles in China and India by the year 2040. The projected 60% electric motorcycles in China and 80% in India indicate a growing trend towards adopting cleaner and more sustainable modes of transportation. This shift towards electric motorcycles could be driven by factors such as government incentives, advancements in technology, and increasing awareness about environmental issues. It implies that the traditional gasoline-powered motorcycles may see a decline in popularity in these countries over the next couple of decades in favor of electric options, leading to reduced carbon emissions and a more environmentally friendly transportation sector.
In 2020, scooters lead the electric motorcycle and scooter market with a share of 96.84%.
The statistic indicates that in 2020, scooters dominated the electric motorcycle and scooter market, accounting for an overwhelming share of 96.84%. This suggests that scooters were the preferred choice among consumers in the electric two-wheeler market, outperforming electric motorcycles by a significant margin. The high market share of scooters reflects their popularity, possibly due to factors such as lower cost, ease of use, and suitability for urban commuting. This statistic highlights the strong position of scooters in the electric two-wheeler industry and underscores their importance in shaping the market dynamics in 2020.
The Electric Motorcycle market was valued at 1475 Million USD in 2021.
The statistic stating that the Electric Motorcycle market was valued at 1475 Million USD in 2021 indicates the total market size in terms of monetary value for electric motorcycles within that specific year. This figure reflects the total revenue generated by the sale of electric motorcycles, which can be influenced by factors such as consumer demand, technology advancements, regulatory environment, and competition within the market. It provides insight into the economic significance of the electric motorcycle industry and serves as a benchmark for evaluating growth, investment opportunities, and market trends within this sector.
The forecasted CAGR for the worldwide electric motorcycle market is 5.3% from 2021-2026.
The forecasted Compound Annual Growth Rate (CAGR) of 5.3% for the worldwide electric motorcycle market from 2021-2026 indicates the average annual growth rate expected over this five-year period. This statistic suggests that the electric motorcycle market is projected to experience steady growth during the specified time frame, with a rate of 5.3% applied to the market size at the beginning of 2021 to estimate the market’s size at the end of 2026. This forecast provides valuable insights for industry stakeholders, investors, and policymakers, indicating the potential for expansion and opportunities within the electric motorcycle market in the coming years.
The sale of electric motorcycles and scooters in India is expected to reach 1 million units by 2025.
The statistic indicates that the number of electric motorcycles and scooters sold in India is projected to increase significantly to 1 million units by the year 2025. This indicates a growing trend towards sustainable and eco-friendly modes of transportation in India, likely driven by increasing awareness of environmental issues and government incentives promoting electric vehicles. The surge in sales of electric motorcycles and scooters suggests a shifting consumer preference towards clean energy alternatives in the automotive industry, which could potentially lead to a reduction in greenhouse gas emissions and air pollution in the country.
185,000 new electric motorcycles & scooters hit the US roads in 2020.
The statistic representing 185,000 new electric motorcycles and scooters hitting the US roads in 2020 signifies a significant increase in the adoption of electric vehicles within the transportation sector. This trend towards electric motorcycles and scooters can be attributed to growing concerns about climate change, rising fuel costs, and a shift towards sustainable transportation options. The data highlights a shift towards cleaner and more energy-efficient modes of transportation as consumers and policymakers alike prioritize reducing carbon emissions and promoting cleaner air quality. This substantial influx of electric motorcycles and scooters onto US roads signals a pivotal moment in the transition towards a more sustainable transportation landscape.
80% of the global share of electric motorcycles and scooters are in China.
The statistic that 80% of the global share of electric motorcycles and scooters are in China indicates that China is significantly dominant in the production and adoption of electric two-wheelers on a worldwide scale. This statistic suggests that China’s market for electric motorcycles and scooters far surpasses that of any other country, highlighting the country’s strong commitment to sustainable transportation solutions. The concentration of electric two-wheelers in China may be attributed to various factors such as government incentives, infrastructure development, and consumer demand for eco-friendly alternatives to traditional gasoline-powered vehicles. Furthermore, this statistic underscores the importance of China’s role in driving the adoption of electric vehicles and reducing greenhouse gas emissions in the transportation sector globally.
Conclusion
The statistics presented highlight the steady growth and promising future of the electric motorcycle industry. As more consumers embrace sustainable transportation options, the market is poised for further expansion. With advancements in technology and increasing awareness of environmental issues, electric motorcycles are likely to play a key role in shaping the future of the motorcycle industry.
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